Number: RL32697
Title: Income and Poverty Among Older Americans in 2007
Authors: Patrick Purcell, Domestic Social Policy Division 
Abstract: This report describes the income and poverty status of the 36.8 million Americans aged 65 and older who were living in households in 2007.1 Older persons receive income from a variety of sources, including earnings, pensions, personal savings, and public programs such as Social Security and Supplemental Security Income. The substantial variation in the number of people receiving income from each source and the amounts they receive from each source are the main topics of this report. Using data from the March 2008 Current Population Survey, this report describes the number of elderly individuals and households receiving income from earnings, pensions, Social Security, assets, veterans' benefits, public assistance, and other sources. It also describes how the proportion of total income received from each source differs between high-income individuals and households and low-income individuals and households.
Pages: 27
Date: October 3, 2008